The demonetization move has left many families with a cash trouble, especially the ones who are having functions or weddings. The government announced yesterday that families who have weddings can make a one-time withdrawal of Rs. 2.5 lakh. This is a big relief for the families who have an upcoming wedding. However, the 2.5 lakh withdrawal can be from only one bank account in the family. Also this is permitted for those accounts that are KYC compliant.
Patanjali Group founder and Yoga Teacher and Baba Ramdev’s new comment on the demonetization of Rs 500 and Rs 1000 notes is hilarious, it might seem to be a little rude to all the families who are waiting in queues for hours to exchange the cash for the weddings.
Government took the demonetization move in the peak wedding season. When Baba Ramdev was asked the reason behind taking the move at this time, he said,
Many in the BJP are bachelors…they didn’t realise it was wedding season…that was the mistake.
Baba Ramdev didn’t just stop there, he even pointed out the good behind the government’s move in the wedding season.
If they (government) had done this around 15 days or one month later then there weddings wouldn’t have been so badly affected. One good thing that has come out of all this…people cannot demand dowry.
November and December are the wedding months, it’s the ‘lagan’ period, the dates are considered auspicious for weddings. Modi’s demonetization move banned 85% of cash in circulation. The move is taken to account all the black money present in the country.
People who had withdrawn cash in old Rs.500-1000 notes just before the currency ban are now queuing up at banks to exchange old notes. Government expects that everything will be back to normal in the coming days.